We’ve shown that the $5 trillion in non-defense program cuts in House Budget Committee Chairman Paul Ryan’s new budget are heavily weighted toward low-income programs. At the same time, based on the latest estimates from the Urban-Brookings Tax Policy Center (TPC), we now...

Multinational corporations are becoming more aggressive at avoiding taxes through techniques like shifting profits overseas, according to a new report from the Organisation for Economic Co-operation and Development (OECD), a group of 36 mostly developed countries including the United States. U.S. policymakers should heed that warning as they...

A White House official told Politico yesterday that the President doesn’t support a “pure” territorial tax system, under which U.S.-based multinational corporations would face a zero or very low tax rate on their foreign profits. That’s good news — but even a less than “pure” territorial system carries serious risks.

Adopting a so-called “territorial” tax system, as some multinational corporations are lobbying Congress to do (see today’s press release from the Business Roundtable), would create greater tax incentives for multinationals to invest and move profits overseas rather than in the United...

As our new paper explains, key aspects of the “Plan B” tax bill that House Republicans will bring to the floor today — which would extend President Bush’s tax cuts on incomes up to $1 million and certain other tax cuts — aren’t widely understood. The graphs here highlight two of them.

With policymakers divided over letting President Bush’s tax cuts on incomes above $250,000 per couple ($200,000 for single filers) expire on schedule, some have proposed raising that threshold so that only the tax cuts on incomes over $500,000 or $1 million per couple would expire. That’s a terrible idea. Raising the threshold would slash the deficit savings, and,...

Now that President Obama has made the payroll tax cut — which expires at the end of the month — part of the tax debate, let’s look at how many workers have a direct stake in extending it for one more year. We estimate that more than 150 million workers would benefit, including large...